Serious question. Who SELLS at this level? - page 3.

exocytosis

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Quote from: Newbie1022 on September 03, 2014, 04:39:07 AM

The bulls are saying this is such a cheap price and everybody should be stocking up.

Most bulls don't really have much fiat to buy BTC with anyway, so they can't put their money where their mouth is. Instead they just pray that BTC price will somehow magically go up, and they attack anyone who points out that it's actually going down, and that it's gonna continue doing so.

jubalix

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there is continual sell pressure through retails sales / bitpay / coinbase. A good proportion on BTC is held by people who purchased it a cents in the dollar each

Newbie1022

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Quote from: falllling on September 03, 2014, 03:58:07 AM

why bitcoin stay at $475? because no one want $476 bitcoin (over price) Cool

since bitcoin is over-price, everyone should sell at this level

Well, it certainly is interesting that the price has stagnated at this point. I thought this was cheap. The bulls are saying this is such a cheap price and everybody should be stocking up. I don't see the stocking up so call me skeptical.

bitleif

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I'm always grumpy in the morning.

Is it too easy to answer your question with "dumb people"?

falllling

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why bitcoin stay at $475? because no one want $476 bitcoin (over price) Cool

since bitcoin is over-price, everyone should sell at this level

Asrael999

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anyone who wants Fiat more than BTC will sell - that includes some Miners, some Merchants, some HODLRS, some discouraged bulls and the bears.
Define High and Low, just because the price is Low compared to last November, does not make it Low compare tod last April or last July. It might be lower tomorrow and it might be higher, but at the moment it appears that fiat inflow is not keeping up with coin sales.

zby

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Quote from: mano21 on September 02, 2014, 11:29:55 PM

Isn't the objective of a speculative trader to buy LOW and sell HIGH?
...

The inverted sequence also works: sell HIGH and then buy LOW (and later sell HIGH).

exocytosis

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Quote from: mano21 on September 02, 2014, 11:29:55 PM

Isn't the objective of a speculative trader to buy LOW and sell HIGH?

I first bought some btc back in November before the massive rush to over $1k.

Now, more than ever is a seriously incredible opportunity to BUY.

How are more people not buying coins at this bargain prices?

Either something is fundamentally wrong here and we are heading towards $3xx or a MASSIVE rally is about to pop off.

Lets here what you got to say boys.

People are panicking. People are, generally speaking, irrational.

Also: A lot of people sell low to buy back at an even lower level. This is rational.
Also: For a lot of BTC traders, these aren't "bargain prices". Some traders bought their coins at way lower price levels than this.

TheGull

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Quote from: mano21 on September 02, 2014, 11:29:55 PM

Isn't the objective of a speculative trader to buy LOW and sell HIGH?

Of course that is your objective, but your trading rules should mean you bail quickly if things go the wrong way.

As for who is selling, if you are a miner who has over capitalised at the same time as everyone else jumped on the mining band wagon then you have got to take the cash to pay your bills.

haploid23

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Quote from: mano21 on September 02, 2014, 11:29:55 PM

Isn't the objective of a speculative trader to buy LOW and sell HIGH?

A lot easier said than done. We all know how panic selling works; it's mostly emotional. When you're at a huge risk of losses in fiat, emotion will take over and cause the selling.

dropt

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Quote from: FattyMcButterpants on September 03, 2014, 01:14:28 AM

Quote from: dropt on September 03, 2014, 12:55:51 AM

Quote from: falllling on September 03, 2014, 12:36:49 AM

everyone is selling if you don't do it you will lose everything after the final capitulation

I am not selling so your "everyone" theory is shot to shit. And you don't "lose everything" after a capitulation, you lose during. Get your shit straight scammer.

LOL, falllling is not a scammer, he's just a harmless troll. and a broken record at that. but i'm interested since you are of the Spartan mindset. would you go down with the ship? or is there a price where you'd pack it up and go home?

Obv. I have a negative cost basis and can afford to lose my current position. I truely believe in Bitcoin and the potential benefits to society and if I have to go down with the ship to do my part in helping it succeed then so be it. ... Although a summer house on the lake might be nice, but If I manage my wealth properly I can afford that in time.

FattyMcButterpants

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Quote from: dropt on September 03, 2014, 12:55:51 AM

Quote from: falllling on September 03, 2014, 12:36:49 AM

everyone is selling if you don't do it you will lose everything after the final capitulation

I am not selling so your "everyone" theory is shot to shit. And you don't "lose everything" after a capitulation, you lose during. Get your shit straight scammer.

LOL, falllling is not a scammer, he's just a harmless troll. and a broken record at that. but i'm interested since you are of the Spartan mindset. would you go down with the ship? or is there a price where you'd pack it up and go home?

dropt

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Quote from: falllling on September 03, 2014, 12:36:49 AM

everyone is selling if you don't do it you will lose everything after the final capitulation

I am not selling so your "everyone" theory is shot to shit. And you don't "lose everything" after a capitulation, you lose during. Get your shit straight scammer.

falllling

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everyone is selling if you don't do it you will lose everything after the final capitulation

windjc

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Merchants
Miners
Traders
Defeated bulls
Jo Mamma

jbrnt

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Those merchants who convert bitcoin to fiat once they received payment are selling. They are not holding and will sell at any market rate.

figmentofmyass

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Quote from: damnek on September 02, 2014, 11:44:07 PM

It's hard to say.. the price is reacting different to the drops these days. Where you would have a guaranteed bounce before, nothing happens now. I think a lot of daytraders left and were replaced with algos. Also the increased number of exchanges has probably put a damper on the movements.

what would be the specific effect of the bolded? i would think that bots/algos still have a similar net effect. i don't think day traders have much effect on the market. they are just trading the waves and chasing the bigger moves set off by whales.

damnek

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It's hard to say.. the price is reacting different to the drops these days. Where you would have a guaranteed bounce before, nothing happens now. I think a lot of daytraders left and were replaced with algos. Also the increased number of exchanges has probably put a damper on the movements.

figmentofmyass

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Quote from: mano21 on September 02, 2014, 11:29:55 PM

Isn't the objective of a speculative trader to buy LOW and sell HIGH?

I first bought some btc back in November before the massive rush to over $1k.

Now, more than ever is a seriously incredible opportunity to BUY.

How are more people not buying coins at this bargain prices?

Either something is fundamentally wrong here and we are heading towards $3xx or a MASSIVE rally is about to pop off.

Lets here what you got to say boys.

why does something have to be fundamentally wrong to go to $3xx? i think we'll see a massive rally, eventually.... but i'm open to it launching from much lower than here as well.

by the way, it's spelled "hear".

mano21

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Isn't the objective of a speculative trader to buy LOW and sell HIGH?

I first bought some btc back in November before the massive rush to over $1k.

Now, more than ever is a seriously incredible opportunity to BUY.

How are more people not buying coins at this bargain prices?

Either something is fundamentally wrong here and we are heading towards $3xx or a MASSIVE rally is about to pop off.

Lets here what you got to say boys.

Topic: Serious question. Who SELLS at this level? - page 3. (Read 3542 times)